Is university education profitable in Colombia?: an estimation
This paper aims to estimate the returns of the university education of the population employed in Colombia, differentiating by departments and educational level, with data from the Gran Encuesta Integrada de Hogares de 2015, through the Mincer equation, including the sheepskins effect which allows t...
| Main Authors: | , , |
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2020
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| Online Access: | https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/10723 |
| _version_ | 1801705991257980928 |
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| author | Gil-León, José Mauricio Casas-Herrera, Julián Augusto Lemus-Vergara, Andrea Yaelt |
| author_facet | Gil-León, José Mauricio Casas-Herrera, Julián Augusto Lemus-Vergara, Andrea Yaelt |
| author_sort | Gil-León, José Mauricio |
| collection | OJS |
| description | This paper aims to estimate the returns of the university education of the population employed in Colombia, differentiating by departments and educational level, with data from the Gran Encuesta Integrada de Hogares de 2015, through the Mincer equation, including the sheepskins effect which allows to capture the different rewards granted to obtain a university diploma. Moreover, a cost benefit analysis was calculated to determine the profitability of a university career in Colombia. The results indicate that there is a low percentage of employees with a university degree, although in Colombia it is profitable to carry out a career since if the person enter the labor market, with a higher education degree, this one will have an average profitability of 11.2% for men and 9.1% for women. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-10723 |
| institution | Revista de Investigación, Desarrollo e Innovación (RIDI) |
| language | spa |
| publishDate | 2020 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-107232021-12-09T17:25:06Z Is university education profitable in Colombia?: an estimation ¿Es rentable la formación universitaria en Colombia?: una estimación Gil-León, José Mauricio Casas-Herrera, Julián Augusto Lemus-Vergara, Andrea Yaelt cost-benefit analysis university education returns, ; human capital; labor market; Mincer equation análisis costo-beneficio; retornos educación universitaria; capital humano; mercado laboral; ecuación de Mincer This paper aims to estimate the returns of the university education of the population employed in Colombia, differentiating by departments and educational level, with data from the Gran Encuesta Integrada de Hogares de 2015, through the Mincer equation, including the sheepskins effect which allows to capture the different rewards granted to obtain a university diploma. Moreover, a cost benefit analysis was calculated to determine the profitability of a university career in Colombia. The results indicate that there is a low percentage of employees with a university degree, although in Colombia it is profitable to carry out a career since if the person enter the labor market, with a higher education degree, this one will have an average profitability of 11.2% for men and 9.1% for women. Este documento tiene por objetivo estimar los retornos de la educación universitaria de la población ocupada en Colombia, diferenciando por departamento y nivel educativo, con datos de la Gran Encuesta Integrada de Hogares de 2015, a través de la ecuación de Mincer, incluyendo el efecto sheepskins que permite capturar las distintas recompensas que otorga obtener un título. Además, se hizo un análisis de beneficio-costo para determinar la rentabilidad de realizar una carrera universitaria en Colombia. Los resultados indican que existe un bajo porcentaje de ocupados con título universitario, a pesar de que en Colombia sí es rentable realizar una carrera ya que, si se ingresa al mercado laboral, contando con un título de educación superior, se tendrá una rentabilidad media de 11,2% para hombres y 9,1% para mujeres Universidad Pedagógica y Tecnológica de Colombia 2020-02-15 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/xml https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/10723 10.19053/20278306.v10.n2.2020.10723 Revista de Investigación, Desarrollo e Innovación; Vol. 10 No. 2 (2020): Enero-Junio; 249-265 Revista de Investigación, Desarrollo e Innovación; Vol. 10 Núm. 2 (2020): Enero-Junio; 249-265 2389-9417 2027-8306 spa https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/10723/8994 https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/10723/11234 Derechos de autor 2020 REVISTA DE INVESTIGACIÓN, DESARROLLO E INNOVACIÓN |
| spellingShingle | cost-benefit analysis university education returns, ; human capital; labor market; Mincer equation análisis costo-beneficio; retornos educación universitaria; capital humano; mercado laboral; ecuación de Mincer Gil-León, José Mauricio Casas-Herrera, Julián Augusto Lemus-Vergara, Andrea Yaelt Is university education profitable in Colombia?: an estimation |
| title | Is university education profitable in Colombia?: an estimation |
| title_alt | ¿Es rentable la formación universitaria en Colombia?: una estimación |
| title_full | Is university education profitable in Colombia?: an estimation |
| title_fullStr | Is university education profitable in Colombia?: an estimation |
| title_full_unstemmed | Is university education profitable in Colombia?: an estimation |
| title_short | Is university education profitable in Colombia?: an estimation |
| title_sort | is university education profitable in colombia an estimation |
| topic | cost-benefit analysis university education returns, ; human capital; labor market; Mincer equation análisis costo-beneficio; retornos educación universitaria; capital humano; mercado laboral; ecuación de Mincer |
| topic_facet | cost-benefit analysis university education returns, ; human capital; labor market; Mincer equation análisis costo-beneficio; retornos educación universitaria; capital humano; mercado laboral; ecuación de Mincer |
| url | https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/10723 |
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